Over the past few years, a large number of people have been purchasing health insurance policies. A growing number of people are now starting to realize the importance of having coverage largely due to the rising uncertainty around.
If you are healthy, in your twenties and barely visit the doctor, you might also be wondering if you really need coverage. However, why are people of the same age around you rushing to secure the right policy? Here are a few important reasons:
They Don’t Want To Deal With a Significant Amount of Debt
The number one reason why many young people are rushing to secure a health insurance policy is because health care is expensive. People who need to visit a health care provider due to sickness or chronic diseases may end up having to pay thousands of dollars in expenses. For many people who can’t cover these costs, piling debt might bring along a number of different problems, even bankruptcy.
They Want To Have A Contingency Plan
Health problems come without a warning. It could be a matter of days between you feeling there is something wrong and being diagnosed with a disease as serious as diabetes or cancer. In such cases, health insurance policies come as a backup to cover all the necessary costs. Although there is a deductible amount that needs to be covered before coverage can kick in, it is worth having it than going without a policy.
They Don’t Want To Pay Penalties
With the latest regulations in health care and insurance policies, individuals who don’t have coverage could be penalized with as much as 2.5% of their annual incomes.
They Don’t Want Trouble Getting Follow-up Care
Hospitals are traditionally obliged to care for patients who have urgent needs, such as head injuries or broken bones, regardless of their ability to pay. However, the ability to secure proper follow up care like rehab might require a fair amount of money. In such cases, people who have coverage are better off than people who don’t.
These are just a few reasons why people around you are rushing to get their hands on health insurance policies. Are you looking for Oxford or Aetna Health Insurance in NY? Get in touch with us at Affordable Health Insurance in NY to learn more about how we can help.